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2011 is the beginning of a new era for the tax preparation industry as the IRS mandates registration, testing and tax compliance background checks on paid tax return preparers for the first time in history. Many paid preparer are worried they may not be able to pass IRS mandated competency exams which are scheduled to begin this summer.
Local Tax Service Welcomes IRS Move to Regulate Tax Preparers
(January 20, 2011)
New IRS rules require an estimated 900,000 to 1.2 million CPAs, Enrolled Agents and unenrolled tax preparers to register and undergo screening by IRS. While many tax preparers may be worried about the new IRS regulations, Pacific Northwest Tax Service is welcoming them, believing they will protect tax payers by weeding out incompetent and unethical preparers.